November 1, 2024 @ 11:22 am By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license aims to support DriveWealth’s global expansion efforts and marks its third region with regulatory… Read More

November 1, 2024 @ 11:21 am By Tony Zerucha  |  

African Fintech Moniepoint has successfully raised $110 million in equity financing. The company was formerly known as TeamApt. The capital raised will accelerate Moniepoint’s growth across Africa, building an integrated platform for African businesses of all sizes. This platform will include services such as digital… Read More

November 1, 2024 @ 10:23 am By Tony Zerucha  |  

Melio, an accounts payable and receivable platform for small and medium businesses, this week announced it had raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions. Shopify Ventures and… Read More

November 1, 2024 @ 9:44 am By Omar Faridi  |  

Aquis Exchange PLC, a creator and facilitator of next-generation financial markets, and Cboe Europe, a division of Cboe Global Markets, Inc., the derivatives and securities exchange network, are announcing their intention to form a joint venture which plans to explore a bid to “perform the… Read More

November 1, 2024 @ 9:20 am By Omar Faridi  |  

TRON DAO, which claims to be the “community-governed” DAO dedicated to accelerating the decentralization of the internet via blockchain tech and dApps, and Chainlink, the “standard” decentralized computing platform, announced that Chainlink Data Feeds will become the official data oracle solution for the TRON blockchain… Read More

November 1, 2024 @ 8:15 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance firm built for every “new” normal, announced operating results for its third quarter ended September 30, 2024. Kin has recently reported that it has recorded a substantial “$38 million in total revenue during the third quarter of 2024, compared to… Read More

November 1, 2024 @ 7:57 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, unveiled updates to the Affirm app. The “redesigned’ experience shows consumers their real-time purchasing power with Affirm, offers an upgraded search function, and provides access to personalized “payment terms and interest-free… Read More

November 1, 2024 @ 7:56 am By Omar Faridi  |  

Fenergo, a provider of solutions for Know Your Customer (KYC), Anti-money Laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announced that is expanded into the energy and commodities sectors. This move provides solutions that aim to simplify client and supply chain onboarding and improve… Read More

November 1, 2024 @ 7:55 am By Tony Zerucha  |  

Marqeta (NASDAQ: MQ), a card issuing platform that enables embedded finance solutions, this week unveiled its Marqeta Flex solution. Marqeta Flex addresses the way BNPL loans can be delivered inside payment apps and wallets, surfacing them at the moment of need within an existing payment… Read More

November 1, 2024 @ 7:53 am By Omar Faridi  |  

Archax, the UK-based, FCA-regulated exchange, broker and custodian for digital assets, today announced it has agreed to acquire the Spanish broker King & Shaxson Capital Markets, Sociedad de Valores, S.A. (KSCM), to be renamed Archax Markets Europe, S.A. The completion of the strategic acquisition is… Read More

November 1, 2024 @ 7:51 am By Omar Faridi  |  

Remilty have expanded their seafarers product experience to the European Union, United Kingdom, Australia, and Singapore. With this launch, Remitly said that they aim to bring even more seafarers the reliable, “secure,” and accessible money transfer service they deserve Remitly noted in a blog post… Read More

October 31, 2024 @ 6:10 pm By Omar Faridi  |  

Regulated businesses across Spain that need a Sepblac-compliant identity verification procedure for KYC can achieve this with an “easy” to integrate solution offering a streamlined user experience. Entrust, a firm focused on “trusted” payments, identities, and data security, today announced its Onfido Real Identity Platform… Read More

October 31, 2024 @ 6:08 pm By Omar Faridi  |  

DailyPay, a worktech company, is expanding globally in more ways than one. DailyPay stated that it now focused on broadening the reach of its platform by adding a new feature: International Remittances. The International Remittances feature will enable DailyPay users to send funds at the… Read More

October 31, 2024 @ 6:07 pm By Omar Faridi  |  

Blackstone has announced announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD). Blackstone has closed on around $22 billion of investable capital for the inaugural series of BXD and related vehicles, “including… Read More

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

October 31, 2024 @ 11:17 am By Omar Faridi  |  

Versana announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also “participated in this round.” In… Read More

October 31, 2024 @ 10:54 am By JD Alois  |  

Tether, a dollar-based stablecoin (USDT), has a market capitalization of over $120 billion. It is one of the most popular “cryptocurrencies” in the world, only topped by Bitcoin and Ether in total value. The stablecoin was launched ten years ago this October and has become… Read More

October 31, 2024 @ 10:32 am By Omar Faridi  |  

Upvest is working with Revolut so that the digital banking platform can expand its wealth and trading product offering by introducing ETFs and fractional European stocks for the first time. In the 6 months since integrating Upvest’s Investment API, Revolut has launched investment products with… Read More

October 31, 2024 @ 10:25 am By JD Alois  |  

Securitize, a digital securities enabler, says it has topped $1 billion in tokenized assets. The company also reports over 500,000 accounts. In a company statement, Securities said that tokenized real-world assets on-chain have “surged” with expectations of growth to continue as their Securitize Fund Services… Read More

October 31, 2024 @ 9:21 am By Omar Faridi  |  

Feedzai, the RiskOps platform, offering AI-powered solutions to protect people and payments against financial crime, reveals that 42% of French citizens will use fingerprint authentication to secure their payments, especially among the younger generation aged 18-34, where the rate is 56%. Although 32% of respondents… Read More